Cryptocurrency and Blockchain Dictionary
A complete list of crypto definitions
Cryptocurrency and blockchain glossary
Commonly used terms in the world of blockchain and cryptocurrency
Terms commonly used in the world of blockchain and cryptocurrency
The block reward is the payment that is offered to the node that is securing the blockchain. In the case of Bitcoin, which is has a Proof-of-Work consensus algorithm, these would be the miners. The payment is in the form of the native cryptocurrency of that blockchain. The amount is a predetermined reward per block, but often that is supplemented with the fees that are paid for the transactions that block contains. For Bitcoin, the current block rewards are cut in half every four years or approximately every 200,000 blocks. This is called the ‘halvening&rsquoBlock rewards are distributed on the basis of mining capability. To put it simply the block reward is given to those who solve the complex equations before everyone else.
The block reward is the payment that is offered to the node that is securing the blockchain. In the case of Bitcoin, which is has a Proof-of-Work cons...
Cold storage refers to storing cryptocurrency in a place where the private key cannot be accessed vi...
With digital currency, there is a risk that the holder could make a copy of the digital token and se...
A ‘51% attack’ refers to a possible attack on a blockchain by a group of ‘miners&r...
There are tons of different cryptocurrencies available in the market. However, they are divided into...
2 Factor Authentication is a double-layer security measure. Most crypto exchanges use it. In order t...
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